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Using a calculator and the formula above, calculate the APR. Choose the correct answer.

Sam Seller offers credit at [tex]19\%[/tex] interest per year.

To the nearest tenth, APR [tex]= \square\%[/tex].

Sagot :

GinnyAnswer
To determine the Annual Percentage Rate (APR), we need to understand that in this context, the APR is equal to the yearly interest rate offered by Sam Seller.

Given:
- The yearly interest rate = 19%

Now, since the APR in this context is the same as the yearly interest rate, to the nearest tenth, the APR is:
[tex]\[ \boxed{19} \% \][/tex]

This means that when Sam Seller offers credit at an interest rate of 19% per year, the Annual Percentage Rate (APR) is exactly 19%. Thus, the APR rounded to the nearest tenth is 19.0%.
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